The TLS price has held up well today. This will be the first day of the correction.
Telstra is a dividend stock. There is no capital growth here. Its market share can only reduce and new technology will assist its competitors more than it. Competition will increase and the last of the sticky old customers will come loose.
Shareholders don't invest for the sake of it. We are here for the money, not the love.
With a 31c dividend TLS was worth about $4.30. Today the directors announced the shareholders will only get 22c in future. The shareprice should therefore stabilise again at around $3.05. Great stock to short.
It isn't rocket science. Bad luck to all holders.
Bacci
The TLS price has held up well today. This will be the first day...
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Last
$3.69 |
Change
0.020(0.54%) |
Mkt cap ! $42.63B | |||
| Open | High | Low | Value | Volume |
| $3.69 | $3.72 | $3.68 | $100.4M | 27.13M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 633770 | $3.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.70 | 537270 | 8 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
$3.71 |
Change
0.020 ( 0.85 %) |
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| Open | High | Low | Volume | ||
| $3.69 | $3.72 | $3.68 | 7765347 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| TLS (ASX) Chart |